Repaymetn of Cusotms Duties and Refund of Sales Tax on Export of Surgical / Veterinary Instruments

REPAYMENT OF CUSTOMS DUTY AND REFUND OF SALES TAX ON EXPORT OF SURGICAL / VETERINARY INSTRUMENTS 7Notification No. S.R.O. 393(I)/89, dated 27th April, 1989.--In exercise of the power conferred by clause (c) section 21 of the Customs Act, 1969 (IV of 1969), and sub-section (2A) of section 27 of the Sales Tax Act, 1951 (III of 1951), and in supersession of its Notification No. S.R.O.863(I)/88, dated the 28th September, 1988, the Central Board of Revenue is pleased to authorize repayment of customs duties and refund of sales tax to the extent specified in column (3) and (4), respectively, of the table below paid on the importation of the raw materials used in the production or manufacture of the goods specified in column (1) of the table subject to the following conditions, namely:- the manufactured goods are exported out of Pakistan and an application for repayment of customs duties and refund of sales tax is presented to the proper officer of Customs within two hundred and ten days of such exportation or of the publication of this Notification, whichever is the later; and the exporter makes a declaration on the reverse of the original shipping bill or other export documents to the effect that he would claim repayment of the customs duties and refund of sales tax paid on the imported raw materials used in the production or manufacture of the good being exported. TABLE Goods produced or manufactured | Extent of repayment of customs duties | Extent of refund of sales tax (1) | (2) | (3) 1. Surgical/veterinary instruments of stainless steel and non surgical scissors of stainless steel, all types | 12.00% of the f.o.b.value | 3.00% of the f.o.b value 2. Surgical/veterinary instruments of carbon steel and non surgical scissors of carbon steel, all type | 8.00% of the f.o.b value | 2.00% of the f.o.b value 3. Nickel or chrome plated scissors, surgical or non surgical all types made out of cost iron | 9.00% of the f.o.b value | 3.00% of the f.o.b value 4. Surgical veterinary instruments all sorts made of brass | 8.00% of the f.o.b value | 2.00% of the f.o.b value 7. Reported as PTCL 1989, St. 708(ii).